The Futures Industry Association and the International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the FIA-ISDA Cleared Derivatives Execution Agreement as a template that can be used by participants in the cleared swaps markets in negotiating execution-related agreements with counterparties to over-the-counter derivatives that are intended to be cleared.
CONTINUE READINGThe Futures Industry Association today submitted an extensive response to the Commodity Futures Trading Commission’s Concept Release on Risk Controls and System Safeguards for Automated Trading.
CONTINUE READINGThe revised SFTR Article 15 Information Statement includes a new Appendix which outlines re-use risks in relation to US FCMs, US broker-dealers or US banks when they act as ‘collateral takers’.
CONTINUE READINGThe U.S. Commodity Futures Trading Commission held an open meeting on Dec. 18 to discuss several rulemakings related to the regulation of swaps trading and the oversight of clearinghouses.
CONTINUE READINGOn Dec. 11, the U.S. Commodity Futures Trading Commission held a public meeting of its Market Risk Advisory Committee, a group of market participants and public policy experts that provides input into CFTC rulemaking.
CONTINUE READINGWashington, DC—FIA today recommended changes to separate, but similar, CFTC rule proposals that would govern U.S. customer access to foreign clearinghouses.
CONTINUE READINGWashington, DC—FIA and FIA Tech today announced the successful implementation of execution source codes at CME Group. Over the last several months, FIA, FIA Tech and CME Group have worked with market participants to make the necessary adjustments to trading systems to support this new industry standard, which will allow for greater automation and efficiencies in post-trade processing.
CONTINUE READINGFIA welcomes the statement from European Commission Vice President Valdis Dombrovskis today proposing to renew the time-limited equivalence decision for UK CCPs.
CONTINUE READINGOn Feb. 25, FIA submitted comments to the Basel Committee on Banking Supervision regarding proposed revisions to the calculation of credit valuation adjustment risk, an important component of the Basel III capital framework.
CONTINUE READINGFIA, together with ISDA, GFMA and EMTA, published a briefing today requesting EU policymakers to extend the transition period of the Benchmarks Regulation for critical and non-critical benchmarks due to significant negative implications for financial stability in European and global financial markets and competitive disadvantages for European companies.
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